Business Commons^™

Assessing And Building Innovation And Learning Capacity In Local Organizations, Samuel Garrett-Jones

Samuel Garrett-Jones

Conceptual models of regional innovation systems have prompted major government initiatives in Europe and North America to assess and to promote local innovation and learning capabilities. In Australia, by contrast, local governments and other local organizations concerned with economic and social development are faltering. Lacking is (1) a conceptual understanding of local knowledge and innovation networks; (2) data on local innovation actors and activities; and (3) clarity on the most effective ways for municipal and regional government to 'construct advantage' in a federal system. The paper reviews the 'macro' (e.g. innovation surveys) and 'micro' (e.g. case studies) approach to assessing …

The Economic Value Of Broadcast Innovation – Impact On The U.S. Treasury, Rajiv M. Hazaray

Rajiv M Hazaray

Every day, more and more Americans begin to use smartphones, tablets, and wireless modems to access new mobile applications and services that are proliferating at an astounding pace. Some have argued that without a fundamental shift of spectrum from broadcasters to commercial wireless operators the nation will soon face a massive “mobile traffic jam” and that auctioning broadcast spectrum will deliver a revenue windfall to the U.S. Treasury.

But the opposite is true. The best way to meet the projected explosive growth in mobile data is to allow broadcasters to use point-to-multipoint “Broadcast Overlay” technology to provide the most efficient …

Public Policy Instruments In (Re)Building National Innovation Capabilities: Cases Of Nanotechnology Development In China, Russia And Brazil, Evgeny A. Klochikhin

Evgeny A. Klochikhin

In 2001 Goldman Sachs named Brazil, Russia, India and China (BRICs) the most rapidly-growing countries in the world capable of surpassing the United States, Japan and Europe as leading economies by 2050.

Nevertheless, for the last decade we have learned relatively little about the mechanisms of success and failure in these countries. All of them have huge territory and population as well as fast-growing economies that sometimes show two-digit rates of GDP growth per year and surprise the world by their increasing budgets and public spending. In the meantime, most of these countries are believed to be desperately struggling against …

Milestone Payments Or Royalties? Contract Design For R&D Licensing, Pascale Crama, Bert De Reyck, Zeger Degraeve

Zeger Degraeve

We study how innovators can optimally design licensing contracts when there is incomplete information on the licensee's valuation of the innovation, and limited control over the licensee's development efforts. A licensing contract typically contains an up-front payment, milestone payments at successful completion of a project phase, and royalties on sales. We use principal-agent models to formulate the licensor's contracting problem, and we find that under adverse selection, the optimal contract structure changes with the licensee's valuation of the innovation. As the licensee's valuation increases, the licensor's optimal level of involvement in the development-directly or through royalties-should decrease. Only a risk-averse …

Strategic Leadership And Innovation In High Technology Firms, Terri Scandura

Terri A. Scandura

Did you ever wonder what the organizations that produce some of the high tech gadgets we marvel at such as the IPhone and the Blu-ray player are like? How do their leaders create and maintain a spirit of innovation that produces these hit products? High technology firms face unique challenges because of the fast paced and ever-changing landscape of their industry. Intellectual capital and innovation have become the key sources of competitive advantage in a wide range of industries and many have argued that the key to the future competitiveness of organizations in the U.S and abroad is the ability …

Competition Law And Sector Regulation In The European Energy Market After The Third Energy Package: Hierarchy And Efficiency, Michael Diathesopoulos

Michael Diathesopoulos

The aim of this research is to provide the basic parameters for a model for the definition of the relation between the general competition and sector specific frameworks and rules regarding the regulation of the Internal Energy Market, especially after the Third Energy Package. The research considers the recent sector specific framework in relation to a series of recent competition law cases of the Energy Market where structural remedies were applied under the commitments procedure. Essential facilities doctrine and generally competition law tools do not seem to provide a suitable framework for effectively addressing the dynamic competition concept, treating the …

A 10-Year Longitudinal Investigation Of Strategy, Systems, And Environment On Innovation In Family Firms, Justin Craig, Ken Moores

Justin B. Craig

This article studies innovation in family firms, filling in some gaps in existent literature. The research addresses the idea of shifting leadership, different mechanisms of facilitating communication, and the importance to the firm of technical progress, linking each to innovation. Shifting leadership is addressed through the longitudinal design. Communication mechanisms are monitored through two constructs: scope of information and timeliness of information. Technical progress is included in an environmental uncertainty factor technoeconomic uncertainty. The findings suggest that linkages between established family firms and innovation may be substantially stronger than currently assumed by many.

Innovation Engine, Arcot Desai Narasimhalu

Arcot Desai NARASIMHALU

This paper describes a meta-model for innovation using an automobile engine as a metaphor. This innovation meta-model is used to manage a collection of innovation models. We develop an algorithm to identify innovations with potential for success using this meta-model. This meta-model can be used by corporations and individuals to identify plausible innovations at any given point in time.

Innovation Stack - Choosing Innovations For Commercialization, Arcot Desai Narasimhalu

Arcot Desai NARASIMHALU

This paper describes a method for enterprises to order the innovations of interest according to a number of parameters including their own business strategy and core competencies. The method takes into account aspects such as ability to create entry barriers and complementary assets. Enterprises can now use this method to both filter out innovations that may not be of interest to them and then order the short listed or selected innovations according to their attractiveness.

Designing The Value Curve For Your Next Innovation, Arcot Desai Narasimhalu

Arcot Desai NARASIMHALU

This paper introduces an additional feature to the Strategy Canvas and Value Curve that will make innovation designers more effective. The new feature is to let the innovators carry out the designs of their new innovations taking into account both the cost of improving the quality of a parameter that the users value highly and the savings accrued from the drop in provisioning for parameters that users place less emphasis in an innovation.

An Innovation-Centric Approach Of Telecommunications Infrastructure Regulation, Konstantinos Stylianou

Konstantinos Stylianou

This paper considers the mechanics and role of innovation in telecommunications networks, and explains how regulation can be designed to maximize innovation. To better focus on the relationship between innovation and regulation an effort is made to distinguish innovation from competition, although the two concepts are closely related, and several reasons are presented on why the fast changing, networked and technical nature of telecommunications offers a very favorable environment for innovation to thrive, as well as why innovation benefits from a large number of actors. Moreover, the paper further explains that even small players are useful in the innovation process …

Prior Knowledge And New Product And Service Introductions By Entrepreneurial Firms: The Mediating Role Of Technological Innovation., Patrick Murphy, Jintong Tang

Patrick J. Murphy

Most research on new product and service development by entrepreneurial firms takes an individual-level, pre-launch perspective or firm-level post-launch perspective. Our study examines two components of the new product and service introduction process: how entrepreneurs’ prior knowledge underpins (1) firm technological innovation prior to the introduction of new products and services (pre-launch) and (2) post-launch viability of those new products and services. Our findings, based on a series of analyses of data from 158 entrepreneurial firms, show that formal technological innovation fully mediates the relation between prior knowledge and the introduction of viable new products and services.

Apple Inc.: Product Portfolio Analysis, Michael Mallin, Todd A. Finkle

Todd A Finkle

Richard Branson And Virgin, Inc., Todd A. Finkle

Todd A Finkle

Strengthening Greater Manchester's Economic Base Through Science, Innovation And Research And Development: Report Of Panel, Manchester Developmental Panel

Martin Wain

This report offers the findings and conclusions of the Developmental Panel, which visited Greater Manchester at the invitation of the Commission for the New Economy and the Northern Way. The Panel’s goal was to inform thinking about how Greater Manchester can strengthen its economic base through science, innovation, and research and development in a context of economic and structural change. The Panel visited Manchester on February 23rd and 24th, 2011, meeting with representatives of public, private, university, community and other organisations engaged in innovation, business, and economic development in Greater Manchester. The Panel is grateful for the time and co-operation …